Heather Glen Apartments was acquired in January 1997 for a purchase price of $16,200,000 (plus closing costs) or $40,909.09 per unit. This 396 unit property is located approximately 12 miles east of the Central Business District of Orlando, Florida. The property was built in 1987 and includes 18 three story residential buildings, one clubhouse and a cabana/fitness center.

The property sold in October 2006 for $33,000,000.

We believe that the best chance for successful investing is to combine underwriting discipline along with a focus on effective property management."​~ Mark Tiefel, President of Capital Equity Group